October 10, 2011 6:16 PM
Pennsylvania Governor Names Board for Sale of Public Assets
Posted by Brian Baxter
Pennsylvania Governor Tom Corbett has named partners from Jones Day and Buchanan Ingersoll Rooney to a new state panel charged with examining whether public assets should be sold to private companies.
Corbett named John Barbour—CEO and managing director of Buchanan Ingersoll, longtime outside counsel to the Pittsburgh Steelers, and a cochair of Corbett’s post-election transition team last year—to chair the group, which, according to The Pittsburgh Post-Gazette, is composed largely of Republican business leaders and power brokers.
Corbett also appointed University of Pittsburgh general counsel Jerome Cochran and Jones Day litigation partner Laura Ellsworth, who serves as partner-in-charge of the firm’s Pittsburgh office, to the committee. Cochran also served on Corbett’s transition team, while Ellsworth cochaired Corbett’s inauguration committee.
This is not the first time Pennsylvania has taken steps toward privatizing public assets.Three years ago, the state announced a $12.8 billion deal for the Pennsylvania Turnpike. That deal collapsed in October 2008. The privatization of state assets remains a delicate subject in Pennsylvania. Timothy
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